What is Earned Value Management?

Earned Value Management (EVM) helps project/cost managers, planners, owners to measure project performance. It is a systematic project management process used to find variances in projects based on the comparison of worked performed and work planned.

EVM is used on the Cost and Schedule Control and can be very useful in project forecasting. The project baseline is an essential component of EVM and serves as a reference point for all EVM related activities. EVM provides quantitative data for project decision making. If you want to control your project budget it is the technique that you need most!

Brief History:

Earned Value has been used since the 1960’s by the Department of Defense as a central part of the C/SCSC (Cost/Schedule Control Systems Criteria).

EVM is being used in a wider variety of government contracts, and is spreading through the private sector as a valuable tool for project managers.

EVM Benefits

EVM contributes to:
• Preventing scope creep
• Improving communication and visibility with stakeholders
• Reducing risk
• Profitability analysis
• Project forecasting
• Better accountability
• Performance tracking

EVM Tools: Preferably Primavera P6
Primavera provides a compliant system that dramatically reduces the work necessary to track Earned Value. Graphic representations are automatically generated using the latest project information from a centralized database.

Who should attend this Earnved Value Management Course?

Project Managers, Cost Managers, Planners, Contractosr, Owners.... and New Users.

Those who are interested to know more about this course, please login to www.icpsprojects.com or email to kent@icpsprojects.com or call Kent at 012-2538283

New Course in April 09 - Primavera Pertmaster

What is Pertmaster?

Primavera PertMaster v8, a new version of its project risk analytics software for project management environments. Primavera Pertmaster addresses full lifecycle risk management through advanced Monte Carlo based cost and schedule analysis including: uncertainty around initial decision making during project selection, increased accuracy of project schedules during planning and successful execution and operations.

Pertmaster is a full lifecycle risk analytics solution integrating cost and schedule risk management. Pertmaster provides a comprehensive means of determining confidence levels for project success together with quick and easy techniques for determining contingency and risk response plans.

Key new developments in Primavera PertMaster v8 include:

Cost/schedule trade-off analysis: Dramatically and visually show the relative benefits of alternative risk mitigation approaches.

A highly intuitive interface: Offers fast access to product functions and substantially reduces the learning curve for new users.

Extended integration: Provides seamless integration with Primavera P6™ and Microsoft Project 2007.

Standard risk assessment: Users can create standard template risk functions, views and menus that facilitate the assessment of risk in project and portfolio management.

Primavera P6 Training Schedule in MAR 09

The next training schedule will be conducted on 01-04 and 7-10 of March 2009. Those who are interested please register your participation. Click this hyperlink to view the course outline or email to kent@icpsprojects.com for more detail information.

March Schedule: Primavera P6 + Delay Claim Analysis

Please be informed that the Primavera P6 training will be conducted on 7-10 of March(4 days) for P6 and 11 of March (1 day) for Delay Claim Analysis using P6. Those are interested to attend the courses please register now...

Visit the hyperlinks: Primavera P6 and Delay Claim Analysis for the course outlines, or contact Kent-012 253 8283 or email to kent@icpsprojects.com for more information.

Contract Administration Using Primavera Expedition

This new course - Primavera Expedition will be rolled out in the middle of March 09. The targeted audiences are Contract & Project Administrators/ Managers, Project Controls Manager, and New Users
Please click Expedition to view the course outline. You may register your participation right now. Contact kent: 012-253 8383 or email: kent@icpsprojecs.com for more information.

Primavera P6 Training in February 2009

The Primavera P6 Training will be scheduled to start on 5-8 of February. Please register your participation. You may login to www.icpsprojects.com and click the Primaver P6 to view the course outlines......................................................

The Primavera P6 Training will be scheduled to start on 17-20 of January. Please login to www.icpsprojects.com to view the course outlines. This course is intended for Oil and Gas industry.